The World 's Largest Gas Company For Gas

Russia has built a strong, but stagnating economy on several natural resources to include the refinery and export of natural gas and oil. According to the Jim Picht (2014) exportation of natural gas and oil to Eastern Europe account for 70 percent of Russia’s exports and 53 percent of the government’s revenue. Along with exporting oil to Eastern Europe, Russia also exports too many countries to include China and Belarus. Europe fueled majority by Russian supplied natural gas and oil, the dependency of Europe’s need for this natural resource is the reason Russia’s economy is so strong. In 2014, when Russia decided to invade the neighboring country of Ukraine has led Europe to begin searching for other suppliers of their natural resources. If Europe finds other countries to supply the natural resources

o Revenues minus expenses determined the cash flows for years 1984-1991. The cash flows cease in 1991 after all oil and gas reserves are liquidated. The cash flows derived account for the liquidation of the oil and gas assets only, and do not account for liquidating other assets such as current assets or net properties. The cash flows were then discounted by net present value using Gulf 's cost of capital as the discount rate. Total cash flows until

Following the collapse of the Soviet Union and President Vladimir Putin’s ascendency in the early 2000s, he and his government have been hell-bent on reclaiming Russia’s old title of a world superpower. In conjunction with his administration, Putin has commandeered Russia’s identity to the narrative of being an energy superpower by using the nation’s most effective weapon: the country’s energy resources. Peter Behr’s article for the Congressional Quarter Global Researcher titled “Energy Nationalism,” seeks to demonstrate and explain why and how Russia—in addition to other countries such as China and Venezuela—became so nationalistic and protective of its energy resources. Furthermore, “Since the oil age began more than a century ago, governments in the developing world—on both the right and left—have promised their people a fair share of the wealth…Instead, ‘black gold’ has spawned corruption, economic hardship, vast class differences and civil war” (Behr 2007). When politically creating a nation’s identity on the world’s stage, leaders incorporate the benefits and effects of human, material, and natural resources. Since these are constantly evolving variables, a country’s identity, particularly relating to natural resources, is constantly evolving as well. Nevertheless, Putin is reminiscing and effectively reenacting Russia’s energy production days in order to shape the narrative of being a geopolitical and energy superpower. However, prior to understanding and examining

In 1870 John D. Rockefeller started Standard Oil Co. and it quickly became the largest petroleum products company in the world. By 1890 Standard controlled 90 percent of refined oil in the United States and was sued by the state of Ohio for its anticompetitive practices. Standard Oil of Ohio which was its original name simply broke the company into 41 separate companies, and controlled them through the new Standard Oil Trust, legally known as Standard Oil Co. of New Jersey. Because there were no federal laws prohibiting anticompetitive behavior in business Standard Oil was able to avoid any serious repercussions from the government. Standard Oil achieved market dominance by undercutting the competition, arranging special deals with railroads, and aggressively buying out its competition. Between 1902 and 1904 the writer Ida Tarbell, the daughter of a failed oil businessman whose company went under because of Standard Oils practices, wrote a 19-part investigational report into the practices of Standard Oil. These articles led to the wide spread public outcry for the government to do something about Standard Oil and monopolies in all other industries. In 1911 Standard Oil was sued by the United States and the case reached the Supreme Court. Under the Sherman Act the government alleged Standard Oil was a monopoly and abused its monopolistic power to restrain trade through predatory pricing and unfair deals with railroad companies.

Russia’s imperialistic actions over the Southern Tier nations have not just been a nostalgic attempt to salvage its old empire. The Caspian Sea, the world’s largest landlocked body of water bordered by Russia, Azerbaijan, Kazakhstan, Turkmenistan and Iran, may sit on as much as 200 billion barrels or oil which would be 16% of the Earth’s potential oil reserves. (Sciolino, 1998, pg. 16) A 1998 New York Times article estimated that at that time this amount of oil would add up to $3 trillion. (Sciolino, 1998, pg. 16) It is obvious that Russia would like to exploit a considerable share of this wealth. The exploitation of the Caspian Sea depends on pipeline transport of oil and Russia would like to see these pipelines run through their land on their way to international markets to harness some of the profit. (Akiner, 2000, pg. 146) This profit, as well as economic control over the Southern Tier region, is another important motive in Russia’s resurgent scheme.

The challenge for some of the periphery states is that they get the majority of their energy resources from Russia, which opens them to potential coercion to Russia’s national interests. However, one of Russia’s

Russia’s energy security depends largely on the global demand and international energy market price. Thus, Russian energy security is vulnerable to market forces and benefits from economic stability, particularly that of the European countries, with whom Russia conducts the majority of its energy trade. Let us see the history trend of Russia’s energy trade during the financial crisis.

SUMMARY: As of 26JUL17, major international players are warning the U.S. against imposing further sanctions on Russia, saying that doing so could further isolate America from the world community. EU President Jean-Claude Juncker issued a warning to the U.S. stating that the “bloc would act “within days” if it doesn’t get assurances that new sanctions wouldn’t significantly impact European interests. The economic bloc worries that American sanctions developed without their input could jeopardize the continent’s energy security.

Russia is the largest country in the world. It borders two oceans, spans two continents, and its landscapes range from Arctic tundra to subtropical beaches. Much of that land is undeveloped and uninhabited. Russia’s borders encompass twice the surface area of the United States, but has a third of the population. Natural gas and oil are abundant in Russia because of its sheer size and the variety of climates. West Siberia is Russia’s main oil-producing region and has several large oil fields, one of which has been producing since 1969 (EIA). West Siberia’s population is mainly concentrated into a couple cities, leaving much of the land untouched. This is the prime

Russia's new strength is also based on its vast reserves of oil and natural gas, which as the price of crude exceeds $ 120 per barrel, give the country tremendous bargaining power, not only in its relations with countries directly dependent on its supplies as Ukraine, Germany and Hungary, but, in general, by the capacity of influence that give

Another significant issue plaguing our Baltic NATO allies is the stranglehold Russia has on their oil economies, a nightmare which interferes with democratization efforts and the economic success of these Eastern European nations with Western dreams. The Wall Street Journal reported on February 25, 2016 that Russia uses its oil reserves as a way to exert influence over former satellite states. There have been distinctly dangerous impacts of Russian monopolization of Baltic oil markets as explained by Natalia Slobodian, a National Centre for Strategic Studies energy expert in May of 2016. In cases of dissent against Russian aggression in Baltic nations, the Kremlin has retaliated with “punishment actions” including blocking their gas supply, provoking social unrest and energy crises. In 2017, Eastern Europe should not be left in the dark. In 2017, children shouldn’t freeze in their beds overnight. The United States

BP, originally known as British Petroleum, which was founded in 1889, is part of the world’s seven largest publicly traded oil and gas companies. According to BP’s recent annual report BP states that they provide their customers with “fuel for transportation, energy for heat and light, lubricants for engines, and petrochemical items used to make items for everyday use such as paints, clothes, and packaging.” The current CEO of BP, Bob Dudley, has a focus on turning the company around into a safer, stronger, and more simple business. Its headquarters are in London, England but the company is present worldwide and operates in three segments: Upstream, Downstream, and Rosneft.

In 1991, The Ukraine declares its independence from Russia (90% of the population voted for this). Then, in 2006, Russia cuts the supply of gas for the Ukrainian use. Alexander Zakharchenko was an economist but was never good at running the economy, he could not fix the major debt problem. Russia didn’t like how he was friendly to Europe, which is why Russia briefly cut off the gas supply.

The oil industry is one of great power that countries are invest in. Russia is one of the leading contenders in producing oil and exports the goods to various countries. With great resources comes great strength. Oil is of the utmost important to every country therefore, Russia has an upper hand in some respects. Moreover, the history behind the oil pipelines and how Russia connects to different countries allows for insight into the power they withhold politically and economically, and on the improvements that need to be made to continue growth in this industry.

China Oil and Gas Group Limited is an investment holding company. The Company and its subsidiaries are principally engaged in investments in natural gas and energy related businesses. It operates under three segments: sales and distribution of natural gas and other related products, sales of liquefied petroleum gas (LPG), and gas pipeline construction and connection. The Company’s subsidiaries include Profaith Group Limited, All Praise Investments Limited, Hong Kong China Oil And Gas Group Limited, City Natural Gas Co., Ltd. and others. On October 30, 2011, the Company acquired 100.0% equity interests in a company, which engages in piped city gas business, sales of compressed natural gas (CNG) and liquefied natural gas (LNG). On November 9, 2011, the Company acquired 100.0% equity interests in a company, which engages in pipeline business.